Nothing good happened today. In fact, if there wasn’t all this noise on the fiscal stiff, I may just look to do some shorting. Market sold off right as it hit inflection points today…namely the S&P at the 50 day. Good sale today on RAX…did not like the straight up move…so will look at…
I am tinkering a little here. RAX is sloppier than others…straight up action. Go sell. My hope that the straight up condition gets pulled in where it can be revisited.
Amazingly, with today’s gap to the upside, major indices are back into the day after the election…when markets really turned down. We got a reversal on Nov 16 and haven’t looked back as they rammed this thing in a shortened Thanksgiving week and continuing into month-end and another gap into the new month. I stopped…
AMGN- Acting fine but sloooow. EXPE- Acting fine…but not much ooomph! EBAY-Good breakout Monday and sticking. HD- More new highs but no entry. MA– Acts fine but no new entry. REGN- Good move Thursday…right back down Friday. RAX- Good move…a little straight up though. SHW- Heading back to 50 day…not thrilled with volume. V- New…
https://archives.warpradio.com/btr/InvestorsEdge/113018.mp3 JUST LETTING YOU KNOW What For? I’ve been telling you for awhile that the same hacks on both sides of the aisle come on tv and say the same crap. These are the same people that caused the problem. I was watching a Repubi-con on TV today who was asked a direct question: “So sir,…
Makes me want to cry! A 14-year-old junior high school student in Utah has committed suicide by shooting himself in the head in front of a group of classmates Thursday. Those who knew the victim, identified Friday as David Q. Phan, described him as a boy who was always nice to everyone, but who was…
JACKSON, Miss. (AP) – Mississippi taxpayers may have only an empty Senatobia building and some solar panel equipment to show for nearly $26 million in loans provided to Twin Creeks Technologies. The California-based solar technology firm is liquidating, and a company that bought Twin Creeks’ assets does not intend to take over its agreement with…
I am sure you know I believe the crooks paint the tape into month-end and quarter-end. It seems that just about every end-of-month moves higher. I took some time today and went over just the past 4 years. I used the 20th of every month into the end of month and here are the facts:…
Having a net worth over $40 billion may command some authority and attention for one’s views on economics and taxation. But it should not buy one an exemption from basic logic, intellectual integrity, or consistency. Such seems to be case with Warren Buffett, who yet again took to the op/ed pages of the New York Times this week…
…YUP…ELECTIONS HAVE CONSEQUENCES. I REPEAT…THERE WILL BE NO SPENDING CUTS! The first serious proposals from the White House to solve the looming “fiscal cliff” of tax rises and budget cuts appear to have been rejected out of hand by Republican leaders in Congress. Treasury secretary Timothy Geithner is reported to have offered a set of proposals that…
